Banking as a Service or BaaS is an end-to-end service model where BaaS Providers, partnering with licensing banks, furnish banking processes such as deposit accounts, payments, money transfer, loans, insurance with modern API-driven platforms. The banking services and products offered by BaaS Providers are then integrated by fintechs and non-financial companies into their apps or web interfaces.
The result is a fully compliant, seamless experience for the end-user, increased customer value for the fintechs, and scalable revenue growth for the provider banks. Banking as a Service is changing the way we approach banking and is set to usher in
Please contact EMBank for further information on the relevant services.